Summary of Position:

The Inventory Accounting Director will work with various financial and operational leaders within the organization to oversee the day-to-day functioning of the Company’s inventory accounting department. On a monthly basis, the Director will lead the closing of our inventory subledgers and prepare and / or review general ledger entries for gross margin. The Director will prepare budgets and forecasts and analyze variances from period to period. This role requires a balance of general accounting experience including inventory, internal controls (i.e. SOX), budgeting and forecasting, as well as baseline understanding of the retail business. The Director should also have experience leading a team and keeping to strict financial reporting deadlines.


Principal Duties and Responsibilities:Responsible for the monthly closing cycle for inventory accounting including all subledger and general ledger entries for gross margin.Conduct the monthly review and adjustment of any inventory reserves (shrink and MD) and inventory capitalization entries for distribution costs.Provide reporting of the Company’s monthly gross margin under the retail inventory method and assess variances to budget, forecasts and prior year.Prepare annual budget and monthly forecasts for gross margin including merchandise cost, shrink, markdowns, etc.Assist with preparing presentations for management on key gross margin line items.Supervise, support and develop the inventory accounting team.Assist, as necessary, in resolving issues related to markdowns, transfers, physical inventory (stores), DC inventory and other financial statement-related issues.Provide assistance to Operations, Logistics and Asset Protection with any financial issues related to inventory.Participate in IT projects related to inventory including system enhancements and conversions including user acceptable procedures.Ensure internal controls (SOX) are in place and executed for key inventory accounting steps and processes.Participate in the annual financial statement audit and quarterly reviews.Assist the VP Financial Reporting and Inventory Accounting when appropriate

Minimum Requirements/Qualifications:Bachelor’s degree in accounting.10+ years of accounting experience, including a minimum of 6-7 years in public accounting, Big 4 preferred.Will consider candidates with a mix of public accounting and private company experience in financial reporting.Generalized knowledge of inventory transactions and costing methods.Working knowledge of internal control requirements including SOX.Strong computer skills, including Microsoft Excel, Word, Powerpoint, and Adobe PDF.Baseline knowledge of financial systems including query tools (SQL, Showcase, etc.)Retail experience preferred with knowledge of the retail inventory method (RIM).Good communication and interpersonal skills, both verbal and written.Good analytical skills and attention to detail